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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (60156)	2/7/2002 3:25:48 PM
From: Lone Star	Read Replies (1) \| Respond to of 70976

Breaking out in acne, maybe. I lurk here now and again to read ya'lls thinking, but I don't see anything but pure hope and speculation, not one rational reason for these inflated stock prices. From another board. To:KevinThompson who wrote (4633) From: Lone Star Thursday, Feb 7, 2002 10:31 AM View Replies (1) \| Respond to of 4688 Kevin, look at KLAC, I believe more overpriced than AMAT, NVLS, etc. Like you, am short, cannot believe this sector has held, no increased, in the face of horrible fundamentals and every custoomer of theirs stating in no uncertain terms that cap ex is going down again this year. The semi equips continue layoffs, at this point very painful to-the-bone, which they would not do unless they were convinced harder times ahead. I am a 20+ vet of this industry, have never seen anything this bad. I know of no fab presently over 50% capacity most around 25-30%. Also, a new wrinkle, the market is utterly awash with used/refurbed equipment selling at huge discounts to new that will have to absorbed first. Why? Because even companies who in the past would never consider used, are: budgets are very tight and they are squeezing like crazy. I am not much of a trader, so I assume the latest spate of upgrades is a scam, to get the big clients out, but I do not understand this market at all anymore. I used to be a simple LTB&H, but I see now that is useless if stocks will not go down to there fair value during bad times.

To: Sam Citron who wrote (60156)	2/7/2002 3:26:33 PM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

ST - Trading FWIW, I covered my short play from yesterday here at $42.84 (3,000 shares - bookin' the win for +$4,020) AdvocateDevil

To: Sam Citron who wrote (60156)	2/7/2002 3:30:06 PM
From: advocatedevil	Respond to of 70976

Sam, Sorry I haven't been able to reply to your recent posts. I'll reply soon, but for now, I've got to run. See ya. AdvocateDevil

To: Sam Citron who wrote (60156)	2/7/2002 5:24:30 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

The AMAT shares I bought at 27.5 and 30, I am holding, LT (= next cycle top= 2004???). The shares I just bought at 42, are a ST trade. I've already placed the order to sell them at 45. Basically, I am holding onto the lowest-cost lots of everything I bought in last October's panic selling, in AMAT and NATP and QCOM and others. The higher-cost lots, I've been steadily selling into strength, and using the funds for ST trading, just playing the channels and making money on the volatility. Covered my last short at the close today (CMH, at 15). Went long a few more EMC 2004 calls, with the stock at 15. When I decide, and am sure of my decision, that we are back in a new Bull Market, then I will go back to all long, and all LT, as I was for years.